This is my honest experience of using K Money Mastery, what I liked about it and what I didn’t like. I will also post some of my results below. If you have any questions leave a comment below and I will do my best to answer them.
K Money Mastery Review
K Money Mastery is a course that teaches Kindle Publishing. It is run by an Internet Marketer called Stefan Pylarinos who teaches you via video lessons and various other resources how to make money with Kindle Publishing.
What Will K Money Mastery Teach You?
Here is how the lessons are broken down inside the course:
Lesson 1: Finding a profitable niche
This first lesson will teach you how to find profitable niches and keywords to publishing your books in. This is by far the most important part of Kindle Publishing. I don’t care how awesome your cover is, or how good your book is. If your keyword/niche research is bad no one will buy your book because no one will find it.
Lesson 2: Finding a profitable keyword
Lesson 2 continues on from the first lesson and builds on it. Once you have a found a profitable niche, now it is time to find some profitable keywords in that niche.
Lesson 3: Creating a title that sells
This lesson is about crafting a title that both ranks well for the chosen keyword but that also compels customers to want to buy your book.
Lesson 4: Design a cover that sells
This concerns creating a cover that will get more buyers. First Stefan covers how to use a graphic design program such as Photoshop or GIMP to create your cover yourself (if you are short of money). Then in the next video Stefan covers how to outsource the creation of your cover using a site like Fiverr.com. I personally don’t recommend designing your book covers yourself, especially when it can be done for you for as little as $5. You will make more money in the long run by getting a professional to do it.
Lesson 5: Kindle Book Creation
This lesson goes into how to how to create your Kindle book. There are a number of different methods to create your first kindle book and Stefan has a video detailing most of them. I personally use Upwork.com (formally Elance.com) to get my books written but you are spoilt for choice nowadays.
Lesson 6: Preparing Your Book For Publishing
Lesson 6 goes over how to format your newly written book to publish on Kindle (KDP). You either do it yourself in Microsoft Word / Google Docs or pay someone to do it on Fiverr. Stefan has videos for each of them.
Lesson 7: Creating A KDP Account
This section covers how to create an account on Amazon KDP to be able to sell your book.
Lesson 8: Publishing Your Book On Kindle
The next lesson covers publishing your book on Kindle. It goes into uploading your formatted book manuscript, uploading the cover and then writing a good description and picking appropriate keywords.
Note: I recommend asking your writer to write you a 200-300 word summary of the book and using that as your description. It will save a lot of time.
Lesson 9: Viewing Your Kindle Book
This lesson goes into how to find your Kindle book on Amazon to check the formatting and description, title, etc for mistakes.
Lesson 10: Getting Amazon Reviews
This lesson is the most crucial part of Kindle Publishing behind Keyword Research. If you don’t have any reviews for your book then no one will buy it. That’s all there is to it. Stefan goes into a few different ways you can get reviews for your new book.
Lesson 11: Marketing Your Book On KDP Select
Now Stefan goes into how to run a free 5-day promotion for your book. You want to do this every 90 days to keep your book selling. He then also goes into how to use Book Submission websites to help to get more free downloads while your book is on its free promotion.
Lesson 12: Using Twitter & Facebook To Promote Your Book
Then following on from the last Lesson Stefan goes into posting to Twitter and Facebook Groups when your book is on its free promo to help you to get more free downloads. Personally, I have stopped doing this as it doesn’t seem to make any difference. All it seemed to do was cost me time/money.
Lesson 13: Additional Book Promotion Strategies
Lesson 13 goes into more book promotion strategies that you can use to help to get more downloads and sales of your books. I have personally never tried any of these strategies so I can’t comment on them.
Lesson 14: Boosting Your Amazon Keyword Rankings
Stefan then covers how to boost you Amazon Keyword Ranking for your book. So if you have a book on golf and you then type in ‘Golf’ to the Amazon search he will show you how to be at position 1 in the results.
Lesson 15: Setting Up Your Amazon Author Central Account
This video covers how to set up your Amazon Author Central Account so you can then link all of your books together. The idea is it will help you to sell more copies of your books.
Lesson 16: Monetizing Your Kindle Book
Lesson 16 goes over changing the books price from $0.99 (the introductory price) to $2.99 after the 5-day free promotion has ended. I recommend leaving it at $0.99 for the first 24 hours after the free promotion has ended. This seems to give you book a big initial boost in sales.
Lesson 17: Creating A Series Of Books & Monetizing The Back-End
Next Stefan covers how to create a series of books under one pen name and then use these books to monetize the back end by getting readers to join an email list so you can then market related affiliate products to them.
Lesson 18: Dealing With Negative Reviews
This lesson deals with how to deal with negative reviews. No matter how good you make your book there will always be someone who does not like it. Harry Potter and Lord of the Rings have negative reviews. This section will teach you how to deal with those negative reviews.
Lesson 19: Scaling Up Your Kindle Books And Making More Money
Lesson 19 explains how to scale up your Kindle Publishing business. For example, let’s say at first you publish 1 Kindle book a month. When you get the hang of that you might want to publish 2 books per month. You’ve just scaled up your business. Eventually, you will be able to get to the point where you are publishing 1-2 books per week. I don’t recommend going beyond this however as it is impossible to keep an eye on the quality of your books.
Lesson 20: How To Make Your Books Profitable Long-Term
This lesson covers how to make your books profitable long term. The most important thing is to make an effort to improve your books and make them better. That way they will keep selling long term.
Lesson 21 – How To Track, Manage & Optimise Your Kindle Books
The final lesson of the course goes through his Kindle Book tracking software K Optimizer.
Stefan has also included various bonus videos dealing with topics associated with Kindle Publishing such as Tax Rules for KDP.
Keyword Research: The MOST Important Thing That Determines Success
From my own experience, the people who are successful with Kindle Publishing are those that spend the proper amount of time doing Keyword Research. If you do not find profitable subjects (keywords) to write your books around you will never make any money with Kindle Publishing because no one will buy your books.
I’ve seen people get into Kindle Publishing and they then write their own autobiography as their first book, publish it and wonder why it doesn’t sell. It’s because they are not famous and do not have a following. Unfortunately, that means that no one is looking for that book.
The course recommends looking for keywords that have a sales rank below 100,000. A book that has that sales rank will sell at least 1 copy per day. I’d suggest however for a first book to look for a sales rank below 200,000. A book that has a 200,000 sales rank will sell about 1 copy every other day and it will be super easy to get the number 1 spot with about 5 reviews and good choice of keywords. Having that first book be a success will really help to boost your self-confidence that Kindle Publishing really works.
The first 3/4 of the books that I published didn’t sell at all. The only reason I carried on was because I’m extremely stubborn and I don’t throw the towel in easily.
K Money Mastery – Full Disclosure Membership
For the first six months of being a member of K Money Mastery, I was also paying for the Full Disclosure Membership. What this gave me was another 100+ videos and also access to two private Facebook Groups. One main group to discuss any problems and one to do reviews swaps with other members of K Money Mastery.
Whenever I had a question/issue with publishing I would post in the group and usually within 24 hours Stefan himself would reply and give me a solution. In the beginning, this was extremely helpful while I figured out what I was doing. To be completely honest I only watched about 10 of the 100+ extra videos that came with the Full Disclosure Membership, I didn’t want to bog myself down with loads of information that I didn’t need. The videos that I watched were good. There are tutorial videos similar to the main course but one thing I really liked was the interviews with other Kindle Publishing gurus which are interviews with other prominent Kindle Publishers such as Steve Scott. I picked up tonnes of information from the two or three that I watched.
My Results With K Money Mastery
So I’m assuming now you’ll want to know whether this course works? If you are a regular reader of my site you’ll know I post an income report every month so you will already know what I make. But for those of you who are finding this page for the first time, I will provide some screenshots of my earnings.
At the time of writing, June was my most profitable month online so we will use that.
This is my total from digital sales of my kindle books taken from the Book Report dashboard plugin for Kindle. It adds the Kindle sales and Kindle Unlimited commissions up into one nice figure.
Total from Kindle Publishing in June – $ 1757.38 (£1321.48)
Createspace (Paperback versions of my Kindle Books)
Total from Createspace for June – $955.11 (£712)
ACX (Audiobooks on sale on Amazon, Audible and iTunes)
I’ve also just started to get my books turned into Audiobooks using Audiobook producers on ACX.com. It’s going really well so far as you can see from the screenshot below.
Why Did It Work For Me?
The reason that Kindle Publishing worked for me is because I didn’t give up. I’m friends with other people who have tried Kindle Publishing in the past and when their first book didn’t sell well they gave up. My first three books didn’t sell but I didn’t give up. Kindle Publishing is like playing a sport, you don’t start a new sport and expect to be amazing the first time you play. Kindle Publishing is the same. It takes the time to learn how to publish books and the more time you spend doing it the better you get.
I honestly believe that my friends would have been successful as well if they had been fully committed and not been dabbling.
Would I Recommend This Course?
Yes absolutely. It helped me to go from making nothing to making over $2500 per month with an online business. It’s excellent for beginners. But once you decide to start turning your Kindle books into Paperback Books (Createspace) and Audiobooks (ACX) you will either need to pay for the Full Disclosure Membership or buy another course focused on those other platforms.
As you can see K Money Mastery helped me to overtake the income from my day job and I was able to quit my job and work full-time from home on my own online business. This course changed my life and I will always grateful to it and Stefan Pylarinos for helping me to find a way out of my 9-5 job.
But I want to stress that this is not some get rich quick scheme. It took me 18 months of working 3-5 hours a week in my free time to build up this passive income stream to the point where I could quit my job. I believe I could have done it in 6 months if I’d been prepared to put more time in. But I wanted to have a life at the same time as I was building this business. It didn’t happen overnight, in my first month of Kindle Publishing I only made $15. But I never gave up because I could see that it was going to work and that kept me motivated to keep going.